Jones Trading Reiterates “Buy” Rating for Annaly Capital Management (NYSE:NLY)

Annaly Capital Management (NYSE:NLY)‘s stock had its “buy” rating restated by analysts at Jones Trading in a research note issued to investors on Thursday,Benzinga reports. They currently have a $22.00 target price on the real estate investment trust’s stock. Jones Trading’s price target suggests a potential upside of 4.98% from the stock’s previous close.

Other analysts also recently issued research reports about the company. UBS Group boosted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Barclays set a $20.00 target price on Annaly Capital Management and gave the stock a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their target price on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.63.

Annaly Capital Management Trading Up 0.3%

NLY opened at $20.96 on Thursday. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 4.95 and a beta of 1.25. The company has a current ratio of 0.09, a quick ratio of 0.11 and a debt-to-equity ratio of 0.19. Annaly Capital Management has a 12 month low of $16.59 and a 12 month high of $22.45. The stock has a fifty day moving average price of $21.13 and a 200-day moving average price of $19.99.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The firm had revenue of $885.58 million during the quarter, compared to analyst estimates of $493.55 million. As a group, equities research analysts anticipate that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NLY. New York State Teachers Retirement System increased its holdings in Annaly Capital Management by 5.6% in the 3rd quarter. New York State Teachers Retirement System now owns 537,186 shares of the real estate investment trust’s stock valued at $10,857,000 after purchasing an additional 28,667 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Annaly Capital Management by 5.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 129,251 shares of the real estate investment trust’s stock valued at $2,612,000 after acquiring an additional 6,100 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Annaly Capital Management by 1.6% during the third quarter. State of Alaska Department of Revenue now owns 69,053 shares of the real estate investment trust’s stock valued at $1,395,000 after acquiring an additional 1,099 shares in the last quarter. Guidance Point Advisors LLC grew its stake in shares of Annaly Capital Management by 3.3% during the third quarter. Guidance Point Advisors LLC now owns 18,223 shares of the real estate investment trust’s stock valued at $368,000 after acquiring an additional 577 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Annaly Capital Management by 73.9% during the third quarter. Nisa Investment Advisors LLC now owns 270,482 shares of the real estate investment trust’s stock valued at $5,680,000 after acquiring an additional 114,946 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.